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Symphony International Holdings Limited ("Symphony")

8 July 2019

Acquisition of Interest in Indo Trans Logistics Corporation

Further to the announcement on 22 March 2019 wherein Symphony International Holdings Limited (LSE: SIHL) announced the entry into a structured transaction, SIHL is pleased to announce today that it has, through a wholly-owned subsidiary, acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation ("ITL"). The transaction consideration is approximately $42.6 million.

ITL, founded in 2000 as a freight-forwarding company, has since grown to become one of Vietnam's "national champions" and is the largest independent integrated logistics company with a network spread throughout Vietnam, Cambodia, Laos, Myanmar, and Thailand with more than 2,000 employees across its business units and joint ventures.

Anil Thadani, Chairman of Symphony Asia Holdings Pte. Ltd. and a Director of Symphony, said:

"The opportunity to acquire this interest in Vietnam's leading integrated logistics company is a good example of our practice of sourcing proprietary opportunities through our own network of business & personal contacts built over 35 years of Private Equity practice in the region. Over the past 20 years, ITL management has consistently grown the business to the point where the company is now among Vietnam's "national champions." We look forward to working with and supporting Chairman Zulkifli bin Baharudin and CEO Ben Anh to execute on ITL's strategic plans to support small and medium enterprises in Vietnam and across the Indochina region. ITL's strategic mandate fits well with our strategy to invest in and support businesses that complement & benefit from the rising affluent and middle-class population in Asia. We have looked at several opportunities in Vietnam over the years, and ITL has all the attributes of the kinds of businesses we like to invest in - a proprietary deal, a strong & proven management team and a business that is well positioned to directly benefit from the growth in the region. Symphony looks forward to working with Management to enhance value creation at ITL and support its further development as the leading logistics company in the region."

For further information:

Anil Thadani                                                                                       +65 6536 6177

Symphony Asia Holdings Pte. Ltd.

About Symphony

Symphony is a London listed strategic investment company that invests in a wide variety of businesses in the healthcare, hospitality and lifestyle ("HH&L") sectors (including branded real estate developments), which are principally in Asia. It offers a way for investors to gain exposure to businesses that benefit from the rising disposable incomes and wealth creation in the fast growing economies of Asia. Symphony's objective is to provide superior capital growth by investing in high quality companies and forming long-term business partnerships with talented entrepreneurs. Symphony is managed by Symphony Asia Holdings Pte. Ltd., which has a team of investment professionals with a broad range of expertise - many of them have been working in Asia for more than 25 years. For more information, please visit our website at www.symphonyasia.com

No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

The Company and the Investment Manager are not associated or affiliated with any other fund managers whose names include "Symphony", including, without limitation, Symphony Financial Partners Co., Ltd.

End of Announcement